Ukraine’s maritime transport sector is a multi-functional complex of river and seaports together with the supporting infrastructure that serve Ukraine’s export/import sector. A competitive advantage for Ukraine is that all of the country’s ports along the Black Sea coastline are warm-water ports that provide year-round access to the Mediterranean Sea and the Atlantic Ocean.
Ukraine’s seaports were originally designed to support the country’s traditional exports of ferrous metals, coal, iron ore and grain.
The infrastructure supporting this capacity has aged but provides a significant opportunity for investment and redevelopment; inter-model transport and the introduction of technological upgrades to service Ukraine’s increasingly diverse import/export requirements are further investment opportunities.
With the assistance of international donors and the private sector, the government is embarking on a parallel program of providing increased training for port personnel, introducing modern technologies for loading and unloading together with the privatization of certain port facilities.
Concessions in Sea Ports
The international practice of sea ports management has proved that concession is the most proficient instrument for attracting investments among the sources for financing, modernization and development of the port infrastructure.
In October 2019, the Verkhovna Rada adopted the Concession Law, which regulates conditions for the transfer of state and municipal property for business use. It increases the investment attractiveness of Ukraine and provides for the implementation of socially significant projects, with the private management of the concession assets of a temporary nature (from 3 to 50 years).